So it's not Bonds that are safe haven.
It's not currencies.
Not the dollar people are going to Gold and Silver and that's why
their prices are holding here today better than some of these other
investment classes.
Paul said the other night I had dinner with a friend of a friend,
first time meeting him and his and his lovely wife and he's got it
made a lot of money in real estate and in cryptocurrency.
Now lives a lifestyle where, you know, he's living off of off of his
Investments, no longer has to work a full-time job.
Certainly very affluent.
And he said, Rob your gold silver guy.
How do I get gold silver?
This is a guy that's completely shifted.
His thinking from traditional Financial view to I need to protect and
go into precious metals.
How do I do it?
Do I store?
He's asking me all these questions.
This is an affluent guys.
Basically, like I've been a part of the system.
I benefit from the system is time for me to get the heck out and only
that but he's basically planted his location flag.
I mean, he's living down in Mexico now essentially.
So he moved out of Canada, you know as the certainly we've seen all
the issues that Canadians have had and you talk about, you know, bank
accounts, it when the Canadians froze, certain accounts related, you
know, two to the hole, you know, trucker dispute using basically
equivalent of emergency powers like
Glutes, here in the US.
I think that raises everyone's awareness of the fact that the
government has now has a hand into your personal finances, and you may
be able to get your money when you need to.
And we're not even talking about the, the chance of prevailing.
The banking system at a bank run, which I think we're going to see
more Whispers of a more mentions of as we get further into this
economic crisis, given how leverage the banks are and all the losses
cascading down from the cam, you're going to affect the banks and
their accounts.
The banks are highly levered.
We know that.
Their inability to meet basil standards as you've been out since 2014.
So yes, people are more and more getting smart, understanding the risk
in the system.
Not only understanding economic risk, but political risk, a banking
risk Finance risk, the risk is going up and that's why often preach
risk.
Management risk management guy for 25 years.
I was in technology, but also in Risk Management type of roles audit.
Tech cybersecurity those types of things, I counseled, you know,
billion dollar companies, including banks on, business process and
dealing with risk.
And so I have this big background of risk and you can see the risk
elevator.
I mean, it's blatantly obvious for anybody who looks at it.
And yeah, I think people are flocking precious metals.
Now it's not reflecting depression, all spot prices because that's a
derivative price as nothing to do with the actual retail trade.
But, you know, kind of transitioning into that.
It may be one of the next questions, you'll ask me is.
Yes, even though the prices have the
The gold and silver prices are down from where they were a few months
ago.
The physical trait is booming and you see it on the comex, the comex
registered inventories or less than half of what they were about 15
months ago.
And that's a big exchange just being pulled off of the the exchanges.
And of course, we see premiums Rising because the spot price, which is
determined by derivative trading paper trading, does not reflect the
actual
Me.
And that's what the premiums have raised.
So yes, I think, you know, encapsulating all that.
Yes, people are moving into the precious metals.
I've got Bitcoin people moving in a precious metals, it's happening.
And because I think that they see that they need to diversify away
from some of their more traditional Investments.
And also because Bitcoins now, I think people see that they need to
diversify a little bit.
The last point.
I want to make I'm being long-winded here.
But Bitcoin is down going back to what I said before Del Mar in the
stock indices and Bitcoin is not acting as
As a safe haven, like gold is when we are clearly headed to recession.
The stock market is pulling back into a into a nice little correction
here.
Bitcoin, hasn't acted like a safe haven.
It's sold off and I think people are realizing Gold sold off just the
baby bit.
But year-to-date gold it down.
Just a tad and Silver's down just a tad.
It's nowhere near down where Bitcoin is and where the stock indices
are and, and it's nowhere as bad as the rise in bond yields.
So it's
Bonds that are safe haven.
It's not currencies, not the dollar people are going to Gold and
Silver and that's why their prices are holding here today, better than
some of these other investment classes.
It's becoming less efficient.
And, and I think it was not as efficient as we perceive.
There's a lot of analysis and writing about complexity of systems and
the more complex.
Our system is a more fragile it becomes but also the more complex it
is a harder.
It is to see underlying problems.
It's kind of like
Use the analogy.
The dam has cracks in it, but you can't see it on the outside, their
interior.
And then pressure builds pressure, builds pressure built and all the
sudden you see a big crack and then you see the damn brake.
That's essentially the way complex systems work and we're in a highly
complex worldwide just-in-time system with highly flawed economic
economic measurements, with currencies that we're never designed to
last.
They were always going to hyper-inflated.
Always have them get a Fiat and governments that have have
Lived off of getting votes from spending more money than we make.
And it's kind of like the person that runs up to credit card and then
they were up another credit card then they run out of credit and then
they lose your job.
That's essentially what's happening to the economy and it's all
breaking down.
And and I think people are seeing how fragile everything is.
And again going back to one of my original comments, it stair steps up
and everybody thinks everything's okay.
And then like you said, it waterfalls down and we're seeing the
waterfall, the, the collapse of not only the stock.
Top Market, but of the underlying economic and trade systems is
occurring.
So much faster than their build up over the last 50 or 60 years.
It's astounding.
It's almost like we're faced and this is analogy.
I saw the one author put out last week.
We're faced with eight lifetimes, a bad news occurring, all at once
and it's just so much for people to take, but that's what happens when
complex systems break down.
Everything happens very quickly, and I've called this the quickening
or in the quickening phase where in where the things start crumbling
and people see how fragile they were.
Yeah, so niggler to gold charts are as a wonderful service of a
tremendous amount of historic data on precious metals.
He's collected.
I die.
I don't think exists anywhere in the world that you can get as a
retail investor, a retail Trader.
It has a chart where he's comparing the 7280 bull market versus the
one from 2000 2022 and they're almost identical.
And, yes, we are getting to a point.
If you look at those charts where gold is going to spike, nowhere a
little bit ways away.
I think we need, I think we really need a big big crash for it to go
to that Furcal, you know, blow off top like you said, but it is
steadily falling the exact same pattern when you overlay it.
Now, it is taking longer for us to get here.
But, again, we're talking about the end of an era.
We're talking about the end.
Of the Fiat money are where they want to go Central Bank, digital
currencies.
That's a shift in the currency system.
We're talking about end of the dominance of the US dollar.
We're talking about D dollars ation.
We're talking about the rise of China.
We're talking about bifurcation and regionalization of the Commodities
trading markets.
We're talking about protectionism.
We're talking about mercantilism returning, we're talking about all
those things, a shift and the economic world order.
This is huge.
And so this cycle is going to play out a little bit longer.
But if you overlay, the charts are almost identical.
And yes, I think the same thing is playing out.
I think we are going to have another
No off and gold and silver to the point.
Well, I sure want to come on your show and I say you may want to think
about selling some of your gold and silver.
If you don't want to will it to your kids and you want to take some
profits from that, and we will be, we will get to that point.
Now.
We're not quite there yet.
There's still time to buy it.
This is a nice little, a nice, little sideways movement this year and
gold and silver, not up a lot.
They're not down a lot.
It's a great place to come in and buy.
If you believe gold and silver, a long-term stores value, any believer
going to have another block of topping and gold and silver, which I
do.